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$550,000
3 Days On Site

505 E LAKE DRIVE
SARASOTA, FL 34232

For Sale|Single Family Residence|Active
4
Beds
3
Total Baths
3
Full Baths
2,000
SqFt
$275
/SqFt
1962
Built
Subdivision:
SHERWOOD ESTATES 3
County:
Sarasota

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Beautifully Updated Home in Highly Sought-After Sherwood Estates in Sarasota. This is a rare find. Welcome to 505 E Lake Dr, a stunning residence offering comfort, style and updated. The sellers have thoughtfully added numerous upgrades, including a whole-house automatic generator connected to an inground 280-gallon propane tank, a full water purification system, and a new water heater. Enjoy Florida living at its best with a screened pool enclosure featuring a brand-new screen, an above-ground whirlpool hot tub, and a new backyard firepit—perfect for relaxing or entertaining. Additional updates include new gates on both sides of the home. Inside, the spacious kitchen, living, and dining areas flow seamlessly together to create a bright, open great room ideal for gatherings. Conveniently located in central Sarasota close to shopping, dining, beaches, and A-rated schools, this home truly has it all. New roof (2020) Water heater (2024), well system (2024) Hot Tub (2025) Firepit (2025) Buyer responsible for verify all information. City or County may have restriction on short term rentals, buyer to verify. Professional photos coming Mon 10/13, showings to begin Tues 10/14

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Listing Snapshot
Price 
$550,000
Days On Site 
3 Days
Bedrooms 
4
Inside Area (SqFt) 
2,000 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.35 Acres
Year Built 
1962
MLS® Number 
TB8435168
Status 
Active
Property Tax 
$6,313
HOA/Condo/Coop Fees 
$6.67 monthly
Sq Ft Source 
Owner
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
4 days agoListing first seen on site
General Features
Acres 
0.35
Attached Garage 
Yes
Direction Faces 
West
Foundation 
BlockSlab
Garage 
Yes
Garage Spaces 
1
Levels 
One
Parking 
BoatDrivewayGarage Door OpenerWorkshop in GarageAttached
Pets 
Yes
Property Sub Type 
Single Family Residence
Sewer 
Septic Tank
SqFt Total 
2242
Style 
Traditional
Utilities 
Cable AvailableCable ConnectedElectricity ConnectedPropane
Water Source 
PrivateSee RemarksWell
Zoning 
RSF1
Interior Features
Appliances 
DishwasherDisposalDryerIce MakerMicrowaveRangeRefrigeratorWasherWater Purifier
Cooling 
Central Air
Flooring 
Ceramic Tile
Furnished 
Negotiable
Heating 
CentralElectric
Interior 
Eat-in KitchenOpen FloorplanWalk-In Closet(s)
Laundry Features 
Laundry Closet
Spa 
Yes
Window Features 
Blinds
Bedroom 2 
Dimensions - 13x13Level - First
Dining Room 
Dimensions - 12x11Level - First
Kitchen 
Dimensions - 18x11Level - FirstFeatures - Kitchen Island
Living Room 
Dimensions - 22x13Level - First
Master Bathroom 
Dimensions - 6x11Level - First
Master Bedroom 
Dimensions - 13x18Level - First
Primary Bedroom 2 
Dimensions - 13x15Level - First
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Exterior Features
Construction Details 
BlockStucco
Exterior 
Rain Gutters
Lot Features 
LandscapedLevelPaved
Patio And Porch 
EnclosedFront PorchPatioScreened
Pool Features 
GuniteHeatedIn GroundScreen EnclosurePrivate
Private Pool 
Yes
Roof 
Shingle
Spa 
Yes
Spa Features 
Above GroundHeated
Windows/Doors 
Blinds
Community Features
Association Dues 
80
Financing Terms Available 
CashConventionalFHAVA Loan
HOA Fee Frequency 
Annually
MLS Area 
34232 - Sarasota/Fruitville
Roads 
Paved
Township 
36
Schools
School District
Unknown
Elementary School
Fruitville Elementary
Middle School
McIntosh Middle
High School
Sarasota High
Listing courtesy of COLDWELL BANKER REALTY 8636025970



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-10-14 07:45 AM EDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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